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Michael Burry’s 2024 Portfolio: 12 New Stock Picks

In this article, we will take a detailed look at Michael Burry’s 2024 Portfolio: 12 New Stock Picks. For a quick overview of such stocks, read our article Michael Burry’s 2024 Portfolio: 5 New Stock Picks.

Where is Michael Burry in 2024?

Michael Burry has been quiet in 2024, and understandably so. None of the Big Short investor’s gloomy predictions and warnings about the stock market have panned out. In September 2022 Burry had said that the “mother of all crashes” was coming. In January 2023 Burry tweeted “Sell” in an ominous one-word tweet that sent many who take Burry — who rose to fame after successfully foreseeing the 2007-2008 subprime mortgage crisis – seriously in panic. But the AI-fueled rally in the stock market kept propelling the stocks higher in 2023, negating Burry’s short bets. During the second quarter of 2023, Michael Burry bought $887 million worth of PUT options against the  SPDR S&P 500 ETF Trust which tracks the S&P 500 and $738 million in PUT options against Invesco QQQ ETF, which tracks the NASDAQ 100. In the third quarter he closed these bets.

The fourth quarter portfolio details of Michael Burry are out and they show the Big Short investor became a Big Buyer near the end of 2023 as he snapped up several new stakes in various companies. Burry’s fund Scion Asset Management saw its total portfolio worth swell to a whopping $94 million, almost double from $44 million (excluding options) in the previous quarter. Michael Burry also gave up on his bet against the semiconductor industry and closed its short position on  iShares Semiconductor ETF. From November 2023 through the end of January 2023 semiconductors rallied over 20%, giving a major blow to Burry’s bet.

For this article we scanned Michael Burry’s Scion Asset Management’s Q4’2023 portfolio and picked 12 stocks in which the fund opened new positions during the last quarter of 2023. Hedge funds’ top 10 consensus stock picks outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here).

Michael Burry of Scion Asset Management

Michael Burry 2024 Portfolio: Top New Stock Picks

12. Bruker Corp (NASDAQ:BRKR)

Michael Burry’s Stake: $3,674,000

Texas-based Bruker Corp (NASDAQ:BRKR) makes life sciences research and diagnostics products. Michael Burry’s Scion Asset Management bought a $3.7 million stake in Bruker Corp (NASDAQ:BRKR) in the fourth quarter. Earlier this month JPMorgan upgraded Bruker Corp (NASDAQ:BRKR) to Overweight, citing strong guidance, among other factors. JPMorgan increased its price target on Bruker Corp (NASDAQ:BRKR) to $90 from $60.

As of the end of the fourth quarter of 2023, 32 hedge funds out of the 933 hedge funds tracked by Insider Monkey had stakes in Bruker Corp (NASDAQ:BRKR). In addition to BRKR Burry is also buying Alphabet Inc Class C (NASDAQ:GOOG), Amazon.com Inc (NASDAQ:AMZN) and Block Inc (NYSE:SQ).

11. Block Inc (NYSE:SQ)

Michael Burry’s Stake: $3,867,500

Block Inc (NYSE:SQ) is having a difficult time lately, with its share price down about 8% over the past 12 months. Out of the 933 hedge funds tracked by Insider Monkey in the fourth quarter of 2023, 75 hedge funds had stakes in Block Inc (NYSE:SQ), significantly up from 60 hedge funds in the previous quarter.

Block Inc (NYSE:SQ) shares recently jumped after the company released Q4 results and gave a strong 2024 EBITDA guidance.

Block Inc’s (NYSE:SQ) net income in the fourth quarter came in at 2 cents a share, much better than the loss of 93 cents a share it posted in the year-ago period.

Baron Fifth Avenue Growth Fund stated the following regarding Block, Inc. (NYSE:SQ) in its fourth quarter 2023 investor letter:

“During the quarter, we also added to our existing investment in Block, Inc. (NYSE:SQ). The company provides a point-of-sale technology to small businesses and operates the Cash App ecosystem of financial services for individuals. After the company reported solid quarterly result, it has also guided to reach a rule of 40 on GAAP profitability for fiscal year 2026 (implying that the combination of gross profit growth and GAAP operating margins would be at least 40%). We believe Block’s businesses are resilient, and greater management focus on cost discipline should drive further margin expansion over the long term. We also believe that Block has a long runway for growth, durable competitive advantages, and a robust track record of innovation.”

10. Vital Energy Inc (NYSE:VTLE)

Michael Burry’s Stake: $3,980,375

Tulsa, Oklahoma-based energy company Vital Energy Inc (NYSE:VTLE) ranks tenth in our list of the best new stocks to buy according to Michel Burry for 2024. Burry in the fourth quarter of 2023 bought a $3.98 million stake in Vital Energy Inc (NYSE:VTLE).

Earlier this month Vital Energy posted fourth quarter results. Adjusted EPS in the quarter came in at $2.55, surpassing estimates by $0.09. Revenue jumped 22.1% year over year to $444.52 million, beating estimates by $3.78 million.

Like Vital, Burry is also bullish on Alphabet Inc Class C (NASDAQ:GOOG), Amazon.com Inc (NASDAQ:AMZN) and Block Inc (NYSE:SQ).

9. Warner Bros Discovery Inc (NASDAQ:WBD)

Michael Burry’s Stake: $4,267,500

Michael Burry’s 2024 portfolio includes Warner Bros Discovery Inc (NASDAQ:WBD), as Scion Asset Management bought 375,000 shares of Warner Bros Discovery Inc (NASDAQ:WBD) in the last quarter of 2023.

Earlier this month, BofA Securities published its Growth 10 list which includes growth stocks with Buy ratings and EPS growth. Warner Bros Discovery Inc (NASDAQ:WBD) was part of this list.

As of the end of the fourth quarter of 2023, 56 hedge funds tracked by Insider Monkey had stakes in Warner Bros Discovery Inc (NASDAQ:WBD).

Longleaf Partners Fund stated the following regarding Warner Bros. Discovery, Inc. (NASDAQ:WBD) in its fourth quarter 2023 investor letter:

“The rules have improved how we analyze existing holdings and influenced the price at which we will buy a new holding and/or trim or add to an existing one. This has resulted in a higher level of resizing positions in the portfolio and exiting some long-term holdings this year. A good example in the portfolio today is Warner Bros. Discovery, Inc. (NASDAQ:WBD), a company that we bought too early but that remains a holding in the portfolio. Our average price for the initial WBD investment in 2021 was $26.48, or a P/V ratio in the mid-60s%. However, P/EV on the initial report was 79%. Under the new rules, we would not pay that price for the company today. We most likely would have waited for a mid-60s% P/EV, which would have equated to a $mid-teens entry price. In this case, we would have missed a too-large initial downturn in the stock price. The overweight rule dictated that we trimmed the position after the price ran up in the first half of 2023, which benefitted overall performance as the stock price subsequently fell again. However, even with the new rule lens, we remain confident in our case for the business and management’s ability to deliver going forward.”

8. Advance Auto Parts, Inc. (NYSE:AAP)

Michael Burry’s Stake: $4,272,100

Advance Auto Parts, Inc. (NYSE:AAP) is a key part of Michael Burry’s 2024 portfolio as the investor bought a new stake in Advance Auto Parts, Inc. (NYSE:AAP) in the last quarter of 2023, worth $4.3 million.

Out of the 933 hedge funds in Insider Monkey’s database, 32 hedge funds had stakes in Advance Auto Parts, Inc. (NYSE:AAP). The biggest stakeholder of Advance Auto Parts, Inc. (NYSE:AAP) during this period was D. E. Shaw which had a $212 million stake in Advance Auto Parts, Inc. (NYSE:AAP).

Palm Valley Capital Management made the following comment about Advance Auto Parts, Inc. (NYSE:AAP) in its Q3 2023 investor letter:

“During the third quarter, the Fund had three positions that detracted from performance by more than 10 basis points: Crawford & Co. (ticker: CRD/A, CRD/B), Advance Auto Parts, Inc. (NYSE:AAP), and TrueBlue (ticker: TBI). Advance Auto Parts is in the middle of a turnaround to bring operating performance closer to peers. Second quarter profit was short of expectations as pricing didn’t cover cost inflation, but comparable store sales improved into quarter end. While the firm experienced a credit rating downgrade, the balance sheet is supported by significant owned real estate.”

7. MGM Resorts International (NYSE:MGM)

Michael Burry’s Stake: $4,468,000

Scion Asset Management piled into resorts and casino operator MGM Resorts International (NYSE:MGM) heading in 2024 as Scion Asset Management bought 100,000 shares of MGM Resorts International (NYSE:MGM) in the fourth quarter of 2023. The total worth of these stakes was $4.5 million.

Earlier this month MGM Resorts International (NYSE:MGM) posted strong Q4 results which were helped by upbeat activity in Macau and Las Vegas. MGM Resorts International’s (NYSE:MGM) adjusted EPS in the fourth quarter came in at $1.06, surpassing estimates by $0.35. Revenue jumped 22% year over year to $4.38 billion, beating estimates by $240 million.

In addition to Alphabet Inc Class C (NASDAQ:GOOG), Amazon.com Inc (NASDAQ:AMZN) and Block Inc (NYSE:SQ), MGM is a top Burry pick for 2024.

Longleaf Partners Fund stated the following regarding MGM Resorts International (NYSE:MGM) in its fourth quarter 2023 investor letter:

“MGM Resorts International (NYSE:MGM) & Hyatt – Hospitality companies MGM Resorts and Hyatt were both strong performers in the fourth quarter and for the year, outperforming expectations that the post-COVID travel rebound would ease in 2023. Casino and online gaming company MGM saw double-digit revenue growth and strong 2023 bookings in Las Vegas in the first half, which moderated in the second half but remained solid. A cybersecurity attack negatively impacted 3Q results, but MGM does not expect the $100 million hit to have a material effect on its financial condition and operational results for the year. MGM bought back discounted shares at a 15% annualized rate and authorized another $2 billion buyback in 4Q, which represents another 15% of the company.”

6. Amazon.com Inc (NASDAQ:AMZN)

Michael Burry’s Stake: $4,558,200

Amazon.com Inc (NASDAQ:AMZN) ranks sixth in our list of the top stocks in Michael Burry’s 2024 portfolio. Michael Burry initiated a new position in Amazon.com Inc (NASDAQ:AMZN) in the fourth quarter of 2023 as Scion bought a $4.6 million stake in Amazon.com Inc (NASDAQ:AMZN).

Amazon.com Inc (NASDAQ:AMZN) is one of the most popular stocks among the 933 hedge funds tracked by Insider Monkey. A total of 293 hedge funds had stakes in Amazon.com Inc (NASDAQ:AMZN).

Polen Global Growth Strategy stated the following regarding Amazon.com, Inc. (NASDAQ:AMZN) in its fourth quarter 2023 investor letter:

“Amazon.com, Inc. (NASDAQ:AMZN), which saw significant price appreciation throughout much of 2023, saw its share price increase materially in Q4 following the company’s Q3 2023 earnings report. We have yet to see the long-awaited re-acceleration in AWS (Amazon Web Services) revenue growth. However, in our estimation, the segment’s growth has likely bottomed, and we could see accelerating growth in 2024. Further, Amazon’s e-commerce business has gradually re-accelerated from 2022’s levels and, perhaps most importantly, the company’s margins and free cash flow have rebounded materially from last year. This rebound in margins and free cash flow at Amazon has been a key component of our long-term thesis for the business, and we expect the improvement in these metrics to continue into 2024 and beyond (though perhaps not linearly) as the company continues to optimize costs and capital expenditures. Our position in Amazon reflects our positive long-term expectations of the business, and it is currently our largest absolute weight in the Portfolio.”

Click here to continue reading and see Michael Burry’s 2024 Portfolio: 5 New Stock Picks.

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Disclosure: None. Michael Burry’s 2024 Portfolio: 12 New Stock Picks is originally published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

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Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

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